Dollar loses out, yuan soars amid doubts about U.S. economy
— Read on www.msn.com/en-ca/money/topstories/dollar-loses-out-yuan-soars-amid-doubts-about-u-s-economy/ar-BB18cZPY
Tag: China
5 years after devaluation chaos, China has the yuan it wanted – BNN Bloomberg
5 years after devaluation chaos, China has the yuan it wanted – BNN Bloomberg
— Read on www.bnnbloomberg.ca/5-years-after-devaluation-chaos-china-has-the-yuan-it-wanted-1.1478182
How China’s Plastics Ban Threw Global Recycling into Disarray
For decades, developed countries outsourced their recyclables to China. Now, a billion dollar opportunity in global recycling has emerged.
— Read on www.visualcapitalist.com/china-plastic-ban-global-recycling-industry/
China’s Stock Market Just Entered a Bubble. The S&P 500 Could Be Next. – MarketWatch
U.S. stocks staged a big rally Monday. Is it just the beginning of a bigger one?
— Read on www.marketwatch.com/articles/chinas-stock-market-just-entered-a-bubble-the-s-p-500-could-be-next-51594072636
China propels global stock rally to one-month high – BNN Bloomberg
China propels global stock rally to one-month high – BNN Bloomberg
— Read on www.bnnbloomberg.ca/china-propels-global-stock-rally-to-one-month-high-1.1460830
The Chinese bond market is a ‘standout’ globally, says UBS
UBS Asset Management’s Hayden Briscoe explains why China’s bond market, which has “one of the highest real yields in the world,” is exceptional.
— Read on www.cnbc.com/2020/06/19/the-chinese-bond-market-is-a-standout-globally-says-ubs.html
Alibaba, JD.com handle record $136.51 billion in sales during 618 event
Known as 618 because it falls on June 18, the festival was being closely watched for signs about the health of the consumer in China.
— Read on www.cnbc.com/2020/06/19/alibaba-jdcom-handle-record-sales-during-618-event.html
AmEx Wins Clearing License for China’s $27 Trillion Market – Bloomberg
American Express Co. received approval to start bank card clearing services in China, making it the first foreign payments network to be allowed to process local currency transactions in one of the world’s largest markets.
— Read on www.bloomberg.com/news/articles/2020-06-13/amex-wins-card-clearing-license-for-china-s-27-trillion-market
Why the U.S. Can’t Easily Break China’s Grip on Supply Chains – Bloomberg
The trade war amplified calls in the U.S. and elsewhere for reducing dependence on China for strategic goods. Now, the pandemic has politicians vowing to take action.
— Read on www.bloomberg.com/news/articles/2020-06-08/why-the-u-s-can-t-easily-break-china-s-grip-on-supply-chains
China’s Headstart to Recovery Creates Rare Aluminum Trade
(Bloomberg) — China’s race to restore normality has opened up a rare opportunity to profit from shipping aluminum into the country, which is typically burdened by excess supply of the metal.The theoretical margin from importing aluminum into China jumped to the highest level since 2016, according to
— Read on ca.finance.yahoo.com/news/china-headstart-recovery-creates-rare-040615163.html